MUTUAL FUNDS
Nippon India Asset Mutual Fund files offer document for Nifty 1D Rate Liquid ETF - Growth
Jun-17-2025
Nippon India Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Nippon India Nifty 1D Rate Liquid ETF - Growth'. The New Fund Offer price for units would be at Rs 1000 during the NFO period. Entry load and Exit load will be nil. The Scheme offers only Growth Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty 1D Rate Index. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek to provide current income, commensurate with low risk while providing a high level of liquidity through a portfolio of Tri-Party Repo on Government Securities or T-bills / Repo & Reverse Repo as represented by Nifty 1D Rate index before expenses.

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